Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why CalAmp Stock Was Sliding on Friday

TheMotleyFool

0 0

Connectivity specialist CalAmp (NASDAQ: CAMP) felt a bit unplugged on Friday. The company's stock was down by nearly 3% in late-afternoon trading after it published its results for the second quarter of fiscal 2022.

After market hours on Thursday, CalAmp announced that it earned $79 million in revenue for the quarter, which was 6% higher than in the same period last year. The company's two business lines went in opposite directions: Software and subscription services' sales increased 24% to $41 million, but telematics declined 16% to make up the remainder.

Image source: Getty Images.

Source Fool.com

Like: 0

CAMP

Share